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Innovation Centre opens at HKSTP

Image Credits: HKSTP, Press Release

An American multinational information technology company officially opened its Innovation Center  in the Hong Kong Science and Technology Parks Corporation (HKSTP).

The centre will connect the company’s global research and development resources to the city, and enable collaboration and co-innovation with the innovation community of partners, clients, government and academia.

Located in HKSTP, the city’s largest innovation, R&D and incubator ecosystem, the Center signifies the tech company’s ongoing commitment to facilitating digital transformation in Hong Kong and supporting the Guangdong-Hong Kong-Macao Greater Bay Area’s (Greater Bay Area) emergence as an international innovation and technology hub.

The official opening ceremony was attended the Secretary for Innovation and Technology of the HKSAR; the CEO of  HKSTP as well as industry and business leaders.

Congratulating the tech company on reaching another business milestone, the Secretary for Innovation and Technology of the HKSAR said he was delighted to see the firm’s investment in setting up Innovation Center in Hong Kong, at a time when Hong Kong is actively participating and leading in the development of an international innovation and technology hub in the Guangdong-Hong Kong-Macao Greater Bay Area.

It was noted that this new set-up is a strong indication of the firm’s confidence in Hong Kong’s innovation and technology development and will further fuel the thriving innovation and technology ecosystem here in Hong Kong.

The IBM Innovation Center provides linkage to 12 of the tech company’s Research Labs on six continents and a worldwide network of Client Innovation Centers in over 33 countries, providing global and local access to high technical skills, expertise and advanced technologies.

Staffed with industry and solution experts, including consultants from the company, the Center aims to enable digital reinvention of five major industries, including: banking and financial services; insurance; retail, distribution and trading; manufacturing; and travel and transportation.

These industries are aligned with the Hong Kong government’s innovation and technology agenda, as well as the outline development Plan for the Greater Bay Area.

Areas of innovation will focus on Fintech, InsurTech, Smart Retail, IoT, Video Analytics, Blockchain, AI and robotics, among others.

The General Manager of the firm’s China/Hong Kong arm noted that in order to stay competitive amidst digital transformation, it’s critical for Hong Kong companies to gain quicker access to more advanced technologies, industry expertise and resources to help them realize their digital transformation.

Hence, the Innovation Center will serve as a connection hub for Hong Kong to access the tech firm’s leading-edge global capabilities, enabling co-creation together with the wider industry.

The Center is a major milestone in the firm’s vision of supporting Hong Kong’s innovation agenda by nurturing the local innovation and technology ecosystem.

The establishment of the R&D base at Hong Kong Science Park is welcomed as the Innovation Center will enable innovation in the fields of artificial intelligence and robotics, big data analytics, fintech and smart city, which are also focus areas of HKSTP.

It is believed that the presence of a multinational technology company of the tech firm’s calibre will help HKSTP’s tight-knit community to grow by leveraging its technology, expertise and global networks.

The clustering effect of attracting more talent and companies to Science Park will make its innovation and technology ecosystem greater than the sum of its parts, delivering more opportunities for everyone in the ecosystem to flourish.

To enable co-innovation, the Center is designed as a studio setting to facilitate design thinking workshops or Garage methodologies for ideation and co-creation, as well as realization of concepts.

The Center will also accelerate local adoption of IBM’s global initiatives and technologies, such as application of blockchain to fintech and supply chain.

In addition, the Center will serve as a platform for partnership programs to generate ideas to facilitate Hong Kong’s innovation and technology evolution, such as collaboration with HKSTP on ecosystem development programs, client innovation partnership programs, and talent nurturing programs.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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